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From MMH chat 29/11/2021 re takeover
"Constellation are paying a 41.3% premium on Friday's closing price"
Just doubled my Lookers holding...
Looking at the bought/sold again on this site I see
Vol. Bought 14,356,572
Bought Value £14,475,060.39
So over £1 a share ?
...or have I missed something ?
I can sell on AJ Bell now for 86p, so that bit's not a glitch.
The SP page here shows 14m shares bought today & only 1m sold
I was wondering if there was a glitch ?
Sudden spike to 86p then down a little & spread increased to 2p
Can't see trades that far back...
@MIkeClarke
The EV subsidies announced last week should help Lookers sell more EVs
https://fleetworld.co.uk/new-salary-sacrifice-scheme-to-make-switch-to-evs-a-no-brainer/
@Jim800
From the BAT Pre-Close Trading Update
1. "strong New Category revenue growth continues to be driven
by accelerated consumer1 acquisition this year"
2. "we anticipate reaching around 3x Net Debt2 /EBITDA3 by the year
end."
3. "We recognise the clear value of a share buyback at the current valuation."
(Not started yet ; maybe won't be now SP up nearly 20%)
4. "We now expect Full Year tobacco industry volumes to be broadly flat"
(they previously forecasted -1.5%)
5. "We expect to generate savings of £1bn from Quantum, one year ahead of
plan,"
(£1.5bn expected by yearend 2022)
+ before the current rally, yield was over 8%, which was attactive to some (incl me)
@Cashola
I'd trust the RNS figures, so, yes, now 702 million ; probably the 668M figure has not been updated for a few years
Looking at the Q2H1 2021 results I see
P24, count including Allotments at 30/06/2021 734,839,486
bought back re RNS 29.12.2021 33,763,488
Total as per RNS 04.01.2022 702,183,583
The 1.1M extra is probably for allotments : It was 1.2M for the first 6 months in 2021
No idea.
Was wondering if it was perhaps related to the share awards & options mentioned in the Q3 2021 results P20
It said there were 43.8 million shares that would be issued if options were exercised.
Don't know if/how these show up on the trades list.
After the £23M UT there were some large trades & one for £7M with Unknown* in the Buy/Sell column
There should be fuel left....
INDV site says $100M for buybacks
only 34 so far (according to RNS notes), each 200-300K shares
so, very approx, 34 x 1.8 (very rough average SP) x 250K (guestimate daily buyback) x 4/3 (GBP -> USD, low approx)
gives spend to date ~$20M leaving $80M
I'll be holding these for a while...